Bank sues Ecclestone over F1 sale
German state bank BayernLB is suing Bernie Ecclestone and his family holding Bambino for around 345 million euros (£270m) in relation to the sale of its stake in Formula One.
BayernLB reportedly announced the move in Munich.
The bank rejected a 25 million euro (£20m) settlement offer from Ecclestone in August, after a Munich court dropped a bribery case against the 83-year-old Englishman.
BayernLB claims the purchase contract was terminated in 2005 under conditions "that were set by Ecclestone and were detrimental to the bank".
The charges in the now-closed bribery trial centred on a £28m payment by Ecclestone to former BayernLB executive Gerhard Gribkowsky, who is serving an eight-and-a-half year sentence for taking the money.